Skip to main content

About this Show

Lou Dobbs Tonight

News/Business. Lou Dobbs. The journalist offers his take on issues and interviews newsmakers. (CC)

NETWORK

DURATION
01:00:00

RATING

SCANNED IN
San Francisco, CA, USA

SOURCE
Comcast Cable

TUNER
Virtual Ch. 130 (Fox Business)

VIDEO CODEC
mpeg2video

AUDIO CODEC
ac3

PIXEL WIDTH
704

PIXEL HEIGHT
480

TOPIC FREQUENCY

Romney 14, Us 13, Israel 10, Obama 7, America 7, U.s. 7, Bill Clinton 6, Elaine Chao 6, Jerusalem 3, Michigan 3, Kevin Hassett 3, New York 2, Charlotte 2, Massmutual 2, Obama Administration 2, Benediction 2, Dnc 2, Iran 2, Cybersecurity 2, Washington 2,
Borrow a DVD
of this show
  FOX Business    Lou Dobbs Tonight    News/Business. Lou Dobbs. The journalist offers  
   his take on issues and interviews newsmakers. (CC)  

    September 8, 2012
    8:00 - 9:00pm EDT  

8:00pm
gerri willis will be back on monday. i'm cheryl casone have a great weekend. lou: good evening, i am lori rothman in for lou dobbs. more bad timing for president obama. a lackluster jobs report. hours after a big pitch to the dnc with just 60 days before the presidential election, an economy that appears to be stuck in neutral. second term aspirations. we take that up here tonight. also tonight, elaine chao offers
8:01pm
her perspective on how to the this put this country back to work. also ahead, ben bernanke on the verge. kevin hassett is here and archbishop dolan during the dnc benediction last night. we will play the tape and let you decide. first, the obama and romney campaign. crisscrossing in iowa and vermont. >> we have been there and we have tried what they are selling. it didn't work then and it's not going to work now. we are moving forward. as was pointed out in the convention, there is a basic component missing from this plan. it's called math. [laughter]
8:02pm
arithmetic. lori: there is no arguing with this guy. the economy adding a measly amount of jobs last month, 96,000. it would be good if not for the 400,000 people who drop out of the workforce altogether last month. vice president joe biden insisting that the economy has turned a corner. unfortunately for the american public, it appears that may have been a wrong turn. the obama-biden ticket hit the campaign trail today hoping to capitalize on any momentum from the democratic convention. chief white house correspondent ed henry has more in this report. reporter: president obama and vice president biden hit the campaign trail with their wives read a senior white house adviser declared that they now have momentum is not a bounce. >> i just came from charlotte where we had a great convention. reporter: any momentum could be
8:03pm
throttled. the 96,000 jobs created in august was below expectations and the unemployment rate dipped slightly, only because 368,000 more people simply left the workforce. >> it undermines his argument and throws a wet blanket over his convention coming out of the convention heading into the general election. reporter: the president relied on the warm embrace of bill clinton, noting that the former president of the recovery will not be easy. >> business added jobs for the 30th month in a row. a total of more than 6.6 million jobs. but that is not good enough. we know it is not good enough. we need to create more jobs faster. reporter: the president continues to try to shift the focus from his record to the choice in the election. mocking mitt romney for having only one primary element economic plan. >> tax cuts when times are good and tax cuts one times are bad.
8:04pm
tax cuts help you lose a few extra pounds. tax cuts to improve your love life. reporter: one of the only new element of the acceptance speech was to create 1 million new manufacturing jobs. yet, today we learn that manufacturing, the key to the recovery so far, lost jobs for the first time in a year raising questions about this claim from the vice president. >> because of the decisions he has made, and the incredible strength of the american people, america has turned the corner. democrats felt good coming out of their convention despite hiccups like the initial decision to leave god and jerusalem out of the party platform before they were put back in. on the positive side, there were well-received speeches by the first lady, vice president and bill clinton, who got a special shout out today. >> somebody e-mailed me after a speech and said you need to appoint him secretary of explaining stuff.
8:05pm
[laughter] that's pretty good. i like that. secretary of explaining stuff. the explainer. reporter: the point of using bill clinton at the convention was to show that his approach to the economy is better than mitt romney's. but the danger is that using bill clinton is that a jobs report like this reminds that bill clinton's record is better than obama's. in iowa city, ed henry, fox news. lori: joining me now for more on the lackluster jobs report, where we go from here, campaign strategist kelly ann conway. and former special advisor to george w. bush, ron christie. there is absolutely nothing positive in the jobs report in august. as the president's job record going to be a liability for his reelection campaign? or can use it to promote the platform that he needs more
8:06pm
time? >> i think the president himself knows that. because if you pay close attention to speech last night, he is trying to create hopefulness again and growing the government. he said to the audience, don't believe that government can solve all ills. there's not a program for everything. and he proceeded to talk about government programs for them. with obama last night, usually a presidential candidate is trying to speak to a larger audience and living rooms. he was actually speaking to a crowd in the arena. the jobs report is terrible because obama's people think it's all okay -- it's been so bad for so long that you can no longer blame him. but that's not true. his favorability rating is a good 48 or 49%. all of his job approval and eight and 10 economic indicators have been underwater since october 2008.
8:07pm
lori: coming here at first blush, you see a .3 to 8.1% -- it looks like an improvement. if people are just looking at unemployment, could not help the president? >> no, i think this is albatross. when you delve deeper and say oh, it's only .1% as it was to a .3%, the reason is because we want 360,000 people who decided to drop out of the workforce. when you look at it this way, 95,000 jobs were created this past month, there were four people who elected not to look for a job. president obama has had 3.5 years under his stewardship and as kelly and as has pointed out, his numbers are upside down. they are saying this as someone who has had a stimulus package and allegedly packaged these jobs and we have nothing to show for it. >> but they are not running away from the policies that have enacted. they are embracing him. the stimulus from the spending, the investments -- by the way,
8:08pm
i'm playing a little bit of devils advocate. >> we are not blind. lori: let's bring up the latest poll numbers. we have rasmussen, the daily tracking poll. 47% in the romney camp. 44% in the obama camp. the gallup poll, head-to-head. these guys are neck and neck only 46%, obama 47%. >> you have to look at the swing states to see the right numbers. at the presidential level, in those states, it is really neck and neck. neither romney nor obama has been able to get up and stay up. there is such a small slice of people that are actually persuadable. they tend to be suburban. these women are conflicted between how they feel and what they know about obama.
8:09pm
they feel that he is likable and hard-working, but what they know is that women have lost 850,000 jobs since he became president. extreme poverty rate is the highest level ever recorded. as for those numbers, people need to feel that there is a recovery. lori: to be like running after the convention? >> i think we do. he did the one important thing which is to come off as very personable. i think he did. that was balanced by his wife and people that have known him for an entire life. giving a testimonial to him as a person. but going to kelly's point, the president in trouble because if you look at the number of swing states, they are does appear states to increase and the president's numbers are stuck right below 50%. a president heading into a reelection below 50% is in trouble. governor romney will have a lot more money to spend. lori: what is the strategy? we have seen a lot of low blows from the obama camp to the
8:10pm
romney camp. the bain capital attacks, i will let you pick up from here. what is the strategy for romney to win this election? >> i think the strategy is threefold. the java message and he is a turnaround artist, that's a skill. if i were iran ever go and stand in front of a best buy, a burger king, with the employees and say, we did to build this together. the economy is about everyday affordability. people are not trying to afford luxuries, they're trying to afford food and fuel. lori: we will check back with you later in the hour. thank you so much, kelly ann conway and ron christie. they will be joined the "a-team" later in the broadcast.
8:11pm
four people dropped out of the jobs market for every one job created. digging deeper on the jobs report with elaine chao coming up next. and does this report and another round of easier money from the federal reserve? kevin hassett is with us later.
8:12pm
8:13pm
[ heart beating, monitor beeping ] woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen.
8:14pm
lori: a disappointing august job report. elaine chao will be with us in moments. on wall street today, stocks ending higher. it boosted hopes for another round of easing from the federal reserve. up 16 points and the s&p was up six and the nasdaq rose a fraction. the dow gained more than 1.5% for the week. the nasdaq and the added more than 2%. reported atthe top of the show from the economy has created 96,000 jobs last month. far fewer than 125,000 that analysts were predicting. unemployment fell from 8.1% to 8.3%. only because people threw up their hands. third-quarter revenue was cut because of a semiconductor. our next guest says the economy
8:15pm
needs to be generating 200,000 net new jobs each and every month just to keep pace with population growth. she said part of the problem is the obama administration's notion that america's private sector employer is public enemy number one. joining us now is elaine chao, former secretary of labor under george bush. a distinguished fellow and elaine chao, it's wonderful to have you here. what a resume. thrilled to have you here tonight. lori: as you know, one of the most troubling problems is the labor participation rate. 368,000 people completely giving up. how do you turn this around? >> i think first of all, the government's deficit position, and we are talking a lot about that today because of all the talk about week three. that is actually hurting job creation. employers are holding back
8:16pm
because they're not sure what the physical landscape is going to be looking ahead and they don't understand what their obligations are under obamacare, they are looking at dodd-frank, which is freezing liquidity within the banking system. there are a lot of hurdles in the economy which is holding employers back from investing longer-term into the economy in their own companies and therefore hiring more people. lori: from the very start, there has to be a much more bigger clarity about the plan going forward in dealing with the tax situation and also the avalanche of government regulations that have been pouring out of the administration in the last 3.5 years. lori: i wanted to come in with the idea that romney has presented to have 12 million jobs be created. he has been push for more details. can you help us to understand
8:17pm
more fully? >> is really not that difficult. the basic premise has to be that the private sector is that the government does not create jobs. they create an environment to which the private sector create job unsent jobs. that has been missing the last 3.5 years. ployers have been bombarded with increased. increased regulations and the government's deficit position hurting our competitiveness abroad. going forward, governor romney's plan is very simple. stability and economic system microfine with the tax situation is going to be. decrease government spending, and i think it is very ironic that our national debt has hit $16 trillion when the democrats
8:18pm
are assembling in north carolina. our situation abroad is impacted by what we do internally here domestically. we cannot continue to encourage and encourage these huge amounts of debt. which brings us to qe-3. if indeed fiscal stimulus was enough to jumpstart the economy, based on the government's tremendous amount of -- lori: but here is the other side of the coin. one of the arguments. more inflation. when you say inflation, people sort of worry. maybe the fed wants to give a little bit more inflation because that is the argument. >> i think that is pretty dangerous. we do not that economic output going. and if we don't kick start our
8:19pm
economy, when you force the system with so much cash, there's nothing economic growth that goes with it, you're going to create conditions of saturation and that is very risky. lori: let's talk about the fiscal quite. this is the near-term problem. this mix of tax increases and spending cuts that will go before the president takes office. are you at all optimistic that we can resolve it? >> yes, i do i think it has to be resolved. well, there's going to be a lame-duck session after the november 6 election. this issue can be handled during that time. i think what is very important to note is that what happens during the election will have an impact on the link of the resolution of the fiscal cliff. if indeed it is a status quo election, then i think democrats and republicans are more likely
8:20pm
to think of a longer-term solution. but if indeed it will be a different kind of solution, and i think either side will be motivated to have a shorter term consequences and we need to be looking ahead. this fiscal cliff issue needs to be resolved. lori: we are optimistic. elaine chao, thank you so much you think you. lori: up next, the democrats stumble over the issue of a greater risk between the leaders of israel and the u.s. taking it up with the israeli speaker next. later, governor romney on the campaign trail to 60 days to election day. does he have the right prescription to fix our economy? senior economist coming up next the capital one cash rewards card gives you a 50% annual bonus. and everyone, but her... likes 50% more cash.
8:21pm
but, i have an idea. do you want a princess dress? yes how about some cupcakes? yes lollipop? yes! do you want an etch a sketch? yes! do you want 50% more cash? no you got talent. [ male announcer ] the capital one cash rewards card. with a 50% annual cash bonus it's the card for people who like more cash. what's in your wallet? i usually say that.
8:22pm
ry and what's in your wallet? abigail higgins had... ...a tree that bore the most rare and magical fruit. which provided for their every financial need. and then, in one blinding blink of an eye, their tree had given its last. but with their raymond james financial advisor, they had prepared for even the unthinkable. and they danced. see what a raymond james advisor can do for you.
8:23pm
8:24pm
and take nothing off the table. again and again, the other side has lied about where this president stands and what this president has done. but prime minister of israel set the record straight. he set out to countries have exactly the same policies that are security cooperation is unprecedented and when it comes to israel, my friends, i will take the world of israel's prime
8:25pm
minister over mitt romney any day. the. lori: joining us now is the executive speaker, and author on a book the will to prevail. congratulations, sir. great to have you after the dnc. tell me, what is the sentiment among israelis about the u.s. >> no matter where the convention stands today or tomorrow, today, we support president obama. we used to have president bush. resident clinton. president obama actually adopted palestine and we feel good. lori: is the resentment toward the obama administration? >> he was very popular at the beginning in israel. today, we see a lack of
8:26pm
[inaudible] with iran. in three weeks time, -- by the way, the u.s. is sponsoring the u.n. and will speak again enterobacter ran to fix the nuclear bomb and iran. lori: that is terrorizing >> we change the realities. we didn't wait for someone to come and save us. we change the realities and we will simply have to do it again with iran. it will have to be a mutual effort of the american people and the israelis. but unfortunately, we don't see it and the threats of the american people -- listen to the iranians. we will wipe out israel and then wipe out the u.s.
8:27pm
lori: regardless of what the world thinks of israel, you have a growing economy. internet, pharmaceuticals, cybersecurity, a net exmy. internet, pharmaceuticals, cybersecurity, a net exporter in the form of natural gas. a viable thriving economy with exports to the rest of the world. >> that is our problem, i think. we have the same climate and resources and i think [inaudible] technology -- high-tech, and i tell them, let's come sit down and work together. unfortunately, most of our neighbors speak about -- they don't care about improving the lives of their own citizens. they care about the fight. we have no other options. maybe one day we will be able to invest money and budgets and
8:28pm
other resources. lori: perhaps they don't share your life savings goals. you have the cybertechnology as well. keep it to yourself. >> was difficult about that [inaudible] [inaudible] i think we need to get ready for another [inaudible] lori: it is higher than it has been in a generation. it's 81, 91, -- where he could you go from here, and how will the u.s. play into it? bush administration would you prefer? >> personal, it is very dynamic. [inaudible] in a few months or your [inaudible]
8:29pm
lori: we saw lovely pictures of him went mitt romney. is he endorsing mitt romney? >> i am not a republican or a democrat. president obama -- unfortunately, as the president, he didn't come israel come he went to egypt and saudi arabia. he forgot to come to us in the middle east. lori: i think i got it. >> we can say very clearly -- you cannot be a friend of israel and tell them not to [inaudible] or were not do what they have to do [inaudible] lori: this has been a fascinating discussion. thank you for joining the onset. >> thank you very much. lori: the august employment report is out. unemployment fell to 8.1%.
8:30pm
but that doesn't tell the whole story. >> did you see the jobs report this morning, by the way? 95,000, i believe, net new jobs created in almost 400,000 people dropped out of the workforce altogether. it is simply unimaginable. >> we go inside with senior economist kevin hassett next. in the former michigan governor jennifer granholm at the dnc last night givi howard dean among for his money. the archbishop f pendency dolan gave the closing benediction. gave the closing benediction. did you catch whatwe have big d. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk,
8:31pm
we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now.
8:32pm
i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy.
8:33pm
nothing complicated about a pair of 10 inch hose clamp pliers. you know what's complicated? shipping. shipping's complicated. not really. with priority mail flat rate boxes from the postal service shipping's easy. if it fits, it ships anywhere in the country for a low flat rate. that's not complicated. no. come on. how about... a handshake. alright. priority mail flat rate boxes. starting at just $5.15. only from the postal service. ♪ lori: republican congressional leaders tonight blasting the white house for missing a key deadline to submit a report on the so-called sequestration spending cuts set to go into effect next year. under the terms of the bill
8:34pm
signed by president obama last month the office of management and budget was required to submit a detailed explanation of how it would implement $109 billion in across-the-board cuts. the white house spokesman says the report will be turned in next week. well, today's disappointing jobs report fueling hopes for new action from the federal reserve. when they gather next week cover romney suggesting new measures would do little to stimulate the economy. >> i think it's hard to predict exactly what the federal reserve will do. i don't think there is any action that they're going to take the will have an immediate impact on the economy. frankly, i think they shot a lot of their monetary bullets and the bullets are not able to strike the target that makes a real difference for the american market today. lori: my next guest is an economic advisor to the romney campaign. joining me now, former federal reserve senior economist at the american enterprise institute. kevin, great to see you. let's get the price of gold,
8:35pm
wall street on that jobs report betting that the fed seat, the firing of the printing presses. >> we saw that in the minutes to the last meeting. what will happen, because the jobs report, make no mistake made was this miserable. it was actually worse because there were seasonal factors the probably boosted the little. we sought the last meeting that unless this was a blockbuster report the fed more last promised quantitative easing around three at the next meeting. think that they helped you eat three off for the next meeting because at this meeting we will see all their new gdp forecast. there will be a kind of movement towards transparency. we will see really pessimistic forecasts from the federal reserve board members, and that will justify their qe3 that they're going to announce. probably a 99 percent chance. lori: you just heard governor romney suggest that another round of easing probably won't do much to boost the economy. bernanke, for its worst, fired up criticizing congress. there is only so much second to.
8:36pm
give me some fiscal policy to help out. >> indeed. the co-author and glenn hubbard at columbia, the paper that would double what happened to the economy if we passed mitt romney's plan and actually get congress off and started legislating to cut the corporate rate, improve the tax cut and reduce the deficit. if we did all that we could create 12 million jobs over the next four years conservatively. that is the kind of growth we could have had over the last two years of we didn't have the gridlock we've seen because basically president obama is so stubborn that he has been absolutely unwilling and unable to work with republicans the way that even bill clinton did. lori: why go this route, another round of stimulus? is there an imminent fear that the u.s. is about to go the way of europe? that will default are virtually broke if you look at the 16 trillion in debt and the interest-rate as a result will rise fast and sharply. >> well, the fact is, don't
8:37pm
forget that economic growth right now is in the ones. we have europe, it might explode we have taxman get an and the fiscal cliff coming at the end of the year. a lot of negatives that will take you down below one, which means that we really are in recessionary territory right now so what they're going to do, the less step in this is that they're going to not buy treasurys so much as they will buy mortgages or mortgage-backed securities. by doing that they're hoping that they can drive mortgage rates down, get people to refinance, but more party and -- more money in their pockets. i wouldn't do it. lori: how big the think this latest round of foxbusiness.com will be? >> the other factor. lori: to we know? >> you know, i think that we know that what bernanke wants to do is announce that it's going to be open-ended. they're going to do it for as long as it takes, as much as it takes. my guess is hills said it will do something like 30 to 50 billion a month and keep
8:38pm
doing it and so we a satisfied. i think that is what most of the fed watchers are expecting the we will see. lori: why not just push out the forward guidance? envy already did that. record lows for yet another year. stop paying interest on the excess reserves to encourage banks to throw out more money to lend more money. it's really, enough is enough. >> i absolutely agree. if the fed keeps trying to innovate and really intervene in markets, they're moving very perilously close to being central planners. what their argument, their actions have driven down treasury rates but not mortgage rates. so what they're going to do now is to foxbusiness.com, and it will focus on getting mortgage rates down by specifically buying mortgage-backed securities. they're thinking that will launch a somewhat new policy toward a specific asset. where in the world with the federal reserve on a whim decide to buy this thing adapting. a fundamentally different world than the one that made america
8:39pm
great. of a sudden we have the central government intervening in whenever market it feels like because it does like the price. that's a very scary world. lori: and that is in large part, i would imagine, what my colleague, peter barnes, while interviewing governor mitt romney last week suggested that he would replace the current federal reserve chairman. >> well, you know, governor romney has said that on numerous occasions. i think people usually get scoops, and that thing that might have been asking for the media, but i think it has been pretty well known in the economic community that governor romney has been very dissatisfied with the monetary policy, and the spoken pretty strongly against the actions. i think that i have not been for many years. he's a good person. he means well, but assembly is pursuing policies that the that radically different from what we need to get this economy moving again, then it is appropriate for him to say that someone else is going to be put in a position of fis president. lori: great talking to you.
8:40pm
thank you. >> it's great to be here. lori: up next the of new york is a non-partisan benediction at last night's dnc but shocked liberals with that mere mention of a hyper partisan topic. and as the summer draws to a close, deadly cases the west nile virus continue to spike. we will tell you if you are in harm's way next. [ owner ] i need to expand to meet the needs of my growing business. but how am i going to fund it? and i have to find a way to manage my cash flow better.
8:41pm
[ female announcer ] our wells fargo bankers are here to listen, offer guidance and provide you with options tailored to your business. we've loaned more money to small businesses than any other bank for ten years running. so come talk to us to see how we can help. wells fargo. together we'll go far.
8:42pm
8:43pm
lori: summer may be nearly over, but federal health officials are warning the spike in west nile cases make continued through late october to. so far there have been nearly 2,000 cases of the mosquito-borne disease nationwide. an increase of 20,000 -- 25% of last week alone. deaths have risen to 87 with nearly half of those fatalities in texas. a new report out detailing the shocking extent of waste in our health care system. according to the nonpartisan institute of medicine $750 billion in taxpayer dollars
8:44pm
are squandered each year on unnecessary services, inflated prices, and fraud. that amount is more than the entire pentagon budget. how is that for perspective? the ball toward the report said that its banks ran like health care system simple atm transactions wou take days. some democrats may not be too happy with the of new york. now, he closed the dnc convention last night with a prayer that some felt had an anti-abortion message. >> we praise you for the gift of life, grant us the courage to defend it to my life without, which no other rights are secure. we astor been a victim of those waiting to be born that they may be welcomed in protection. >> a vocal opponent of the obama administration contraception mandate also delivered the benediction at the rnc in tampa. the sanctity of human life but did not specifically refer to
8:45pm
the unborn. former michigan governor to delivering what is likely the most high energy speech of the entire democratic convention last night. it may not be remembered for its content. so passionate about the presidents of the bailout that she fist pump, wind, pointed fingers, and clearly energized the audience. she left some wondering if she drank one too many shots of espresso. >> mitt romney loves our lakes and our trees. he loves our cars so much that even have their own elevator. but the people who design and build and sell those cars, well, in romney's world the cars get the elevator and the workers get the shaft. when mitt romney did say let detroit go bankrupt, who took the wheel? barack obama.
8:46pm
in ohio. 150,000 jobs in the great state of michigan. 211 american jobs all across america. the best manufacturing is rebounding. why? lori: giving her, let's call it spirited nature, her comments are drawing comparisons to another notorious democrat. >> oregon and washington and michigan, and then we go to washington d.c. to take back the white house. lori: he's not running for office, at least not now. and the federal government apparently really wants us to prepare for us on the apocalypse . the department of homeland
8:47pm
security hosting an online seminar about the importance of preparing for a zombie invasion. they also lost a public-service campaign morning about as on the pandemic. it is all tongue-in-cheek, but the idea is americans are prepared for is on the attack. we will all be prepared for real disaster or an emergency. plenty of water, nonperishable foods and emergency flight slots. , the american election debate endorsing in praising one of the two major party contenders. which is it and why? the "a-team" stalker round of ours is to tackle this juicy topic. questions. when you're caring for a loved one with alzheimer's, not a day goes by that you
8:48pm
don't have them. questions about treatment where to go for extra help, how to live better with the disease. so many questions, where do you start? alzheimers.gov. the answers start here.
8:49pm
8:50pm
8:51pm
lori: joining me again, the "lou dobbs tonight" "a-team." i could not resist. so fun being here. republican pollster, former presidential adviser and fox is political analyst endorsing president obama. of course does. his predecessor. >> tell vladimir. in fairness, i think he also said that he could work with romney and that his rhetoric was just campaign rhetoric. that being said, i think the best thing that president prudent could do would be stay out of our elections. >> i am rising you would agree. >> the president wracks the popularity ratings and even
8:52pm
endorsements from people who can't vote for him in this country. he was not able to fill the 70,000 seat stadium near his own speech at bank of america and charlotte, and yet four years ago he had over 100,000 germans listening to him, terrific that they have all that time on their hands. he seems to be much more popular lori: speaking of endorsements, the speech. did she hurt or help? >> i think she heard. this is the howard dean moment of this campaign. entirely scripted, off the cuff, bazaar. president obama runs the risk of people looking at him and saying that this is the sort of company the you're keeping, the sort of person we need for the next four years. one person at the democratic convention you might think added to president obama. bill clinton. michele gave a good speech, i think. bottom line politically bill clinton not to out of the park. >> added to president obama, but
8:53pm
that he's attracted because she reminded the democrats a wonderful life used to be. more prosperous, but also a more normal, more same -- mainstream centers democratic party. no connection that he has ever. he is focusing on abortion, contraception, and the marriage. that is not high in anybody's polls. so, you are not here. obviously everybody is talking about this dismal jobs report. what is the political take away? >> i think it's going to be basically a a jump ball. unemployment is down. 367,000 people left the work force. >> it's not good. >> it's not good. bottom line, 70 percent think the economy is in bad shape, 65 percent said the country is off on the wrong track. that's not going to change before the election. the election is died. i fully expect it will stay tied
8:54pm
into the debates. >> what do you think will be the breaking point? >> it's going to be the debates. for the first time you will have both candid it's on the states competing. can the governor stand-up and articulate a stark and clear choice between what the president has done the last four years versus what rodney hopes to do. i would not discount paul ryan and joe biden. as the one i want to watch more than anything else. we will be smack down. >> i was going to add to that, our awesome and brilliant production team suggested romney will have the substance, but obama will have the slash and connections. what you think the takeaway and the debate is to be? >> i know. he seems to have no more joy on the job. he seems like a shadow of the 2008 self. >> electability gap,. >> if you can create jobs for people there will like you. >> we still don't know the romney jobs. >> she has won, but that's fine. i don't know.
8:55pm
seriously speaking. i think the debates are going to be a measure of competence. which captain fox business at the front of the ship? people will realize, the only job i fact checkers. you have romney. i'll put this to you. his multi plant. to a million jobs. you satisfied at this point in the game? that will -- we have the ryan plan. it was aggressive. now we are sort of wish to washy on that. >> said of the queer when she was she. what you originally had risen 59. plant. he has been talking very specifically about free trade agreements, very specifically about greeting to play in jobs. the contrast of we have, still offering vision. this is not 2008. not a candidate who is running for election. very sparse and details. romney has given people enough to say he has a little bit of
8:56pm
substance with his plans. let's see how it plays out in the debates and where the real censuses. lori: of want to switch gears and talk about the administration's stance on his route. dick -- the fascinating interview. has the administrating -- the administration plan is? >> well, i guess what i would say is when the democrats voted 5149 for god and 51-49 for jerusalem being the internal indivisible capital of those for -- israel, i am one of us recognizes there may have to be some alterations. but for the united states and the democratic party, the incumbent president to unilaterally make a determination that that is no longer the case, that jerusalem is not the capitol is coming to me, such a bad sign to the rest of the world and the arabs that it gave me great discomfort and real pause. >> and it's scary. nuclear bombs so close. you suggest israel may have to stand alone.
8:57pm
what is the likelihood that the u.s., let alone the rest of the world steps up? >> don't think it will stand alone, but this was a political mistake, a substantial mistake, and something that i think the democrats wish they had back. lori: i wish i had more time. thank you. up next, bill clinton's speech. we go to the in-box. here to talk about his blockbuster 2016 obama's america . this happy couple used capital one venture miles for their "destination wedding." double miles you can "actually" use. but with those single mile travel cards... [ bridesmaid ] blacked out... but i'm a bridesmaid. oh! "x" marks the spot she'll never sit. but i bought a dress! a toast... ...to the capital one venture card. fly any airline, any flight, anytime. double miles you can actually use. what a coincidence? what's in your wallet? [ all screaming ]
8:58pm
watch the elbows ladies. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i wasaving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk.
8:59pm
you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today